When to Trade and Why Two Different Exchange Interfaces Is a Good Idea
When you look at the two major exchanges (London and New York) you will find that there are actually some major differences between the two. However, there are also some similarities. One of these similarities is the structure of the pairs that represent each pair of currencies.
The pair that represents the open market is the LME (short for the London Interbank Offer) while the pair that represents the ICE (short for the New York ICE) is the ICE (short for the New York Interbank Offer). There are many reasons why they choose the two different symbols but the main reason is to make it easier for traders to spot the difference between the different currencies that are traded on their platform.
The next big difference that you can see between the two pairs is the trading volumes. The LME has the biggest amount of orders to clear from each transaction which gives it more volume. The bigger the transaction the higher the order book will be and the higher the liquidity will be for the trader. This liquidity means that the order book will always be full and that may make you lose money if you try to fill more than the orders book.
One advantage of the LME is that the market is open longer during the week. The LME does not have the same closing times as the ICE, so this helps the market to operate at a longer closing time. In addition to this, the LME also has a greater number of windows for trading and therefore the trader will not have to wait for the last few minutes before closing out his transactions to trade. This is another advantage of the LME over the ICE.
The next big difference that you can see is that the LME has a lower spread factor. The larger the spread the more the commission will be for you but the lower the spread the cheaper the transaction will be. The smaller the spread the more the price you will have to pay.
The other metric that you will see that is used in both exchanges is the percentage-to-close. The LME will use this metric as a general indication of the market sentiment towards a particular currency. If the LME feels that the currency will close lower then it will use this as a basis for what the price will be so you can anticipate that the price will be lower.
In addition to the order book, which shows how many transactions there were for each order, the LME will also show the number of trades that were filled or settled. This is one way of keeping track of what has happened with your account. You can also see the number of bid and ask prices used by the trader and also the price history for each item so you can monitor that.
By using one of the comparison currencies as your benchmark you can use the LME as a reference to gauge your trading against. You can see how the ICE compares to the EUR and CHF and how they do in comparison with the CHF.
Both exchanges will display live charts for the trading pairs to give you a visual of what is happening at any given moment. They will also let you modify the chart so that you can alter the charts with market changes to give you a better view of what is happening to your account.
Both exchanges have also made efforts to integrate their systems so that you can use both their systems and a combination of technical analysis and fundamental analysis to help you determine when the best time to buy or sell will be. In addition to this, they have built comprehensive features for your account that allow you to track several currencies. For example, if you like the strength of the Swiss Franc you can even set up alerts for this currency so that you can get in and out quickly and easily.
Both systems are useful to have because they are meant to help you achieve your end goal. This end goal is to see how your trading efforts are going and how you can improve on them. By using a combination of both systems you will be able to monitor and evaluate your account so that you can continue to improve.
Of course, your options are not limited to the two LME and NY ICE. There are a lot of platforms that offer the EUR/CHF pair to trade as well as a variety of others. so you may want to consider looking into them if you are looking for a comparison to use.